The Leeds the latest to hike proc fees

Published on

fee2

The Leeds Building Society has increased a selection of its procuration fees.

The mutual has rationalised its procuration fee structure and increased fees for directly authorised intermediaries to up to 0.37%, and for appointed representatives to up to 0.40%.

Martin Richardson, Leeds Building Society’s general manager for business development, said: “These latest changes make the banding and structure of our procuration fees simpler.

“We reviewed our fees during 2014 to bring us in line with the market and have listened closely to feedback from our intermediary partners as we continue to develop the service and products we offer through them.

“We hope to build on the growth in mortgage lending that we enjoyed last year and support more brokers in meeting their clients’ needs to make their property-owning aspirations a reality in 2015.”

The Leeds also increased procuration fees on buy-to-let and holiday let mortgages through intermediaries from up to 0.37% to up to 0.5% in September 2014.

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Cutting stamp duty will make the housing crisis worse

Every time the housing market stalls the same thing happens and people call for...

LendInvest bolsters residential and BTL broker support with Glasgow team expansion

LendInvest has expanded its commercial support team with a particular focus on helping brokers...

Hackathons test property data sharing in homebuying push

Proptech firms have tested how property data can be shared across the home-moving process...

Foundation refreshes buy-to-let range with new products and rate cuts

Foundation has refreshed its buy-to-let mortgage range with new products and rate reductions across...

MorganAsh urges financial services firms to improve support for unpaid carers

MorganAsh has backed a new Carers UK blueprint aimed at building more carer-friendly communities,...

Latest publication

Other news

Cutting stamp duty will make the housing crisis worse

Every time the housing market stalls the same thing happens and people call for...

Halfway through the year, are you getting enough from every client?

The halfway point of the year is always a useful time for advisory firms...

LendInvest bolsters residential and BTL broker support with Glasgow team expansion

LendInvest has expanded its commercial support team with a particular focus on helping brokers...